Private Equity
Social Capital, once one of the hottest VC firms, has seen its fortune dim. At least five investors will not invest in Social Capital’s next fund, Bloomberg is reporting. The firm has seen a number of defections as Social Capital has postponed fundraising at least three times in the past year, the story said. Social Capital’s $600 million fund, closed in 2015, is 90 percent committed, Bloomberg said.
1 min read · 17 July 2018
Kindly Care said it raised $5.4 million of Series A financing in a round led by Javelin Venture Partners and joined by MHS Capital and Jackson Square Ventures.
3 min read · 17 July 2018
Kapwing, a video editing website, has raised $1.7 million in seed funding. Kleiner Perkins led the round with participation from Shasta Ventures, Sinai Ventures, Village Global, Shrug Capital and ZhenFund.
1 min read · 16 July 2018
Boston-based TowerIQ, a market neutral communication platform for the insurance industry, has secured $2 million in seed funding. Hyperplane Venture Capital led the round with participation from other investors that included Vestigo Ventures and Clocktower Ventures.
1 min read · 16 July 2018
Crosslink Capital announced it closed its eighth fund, which was oversubscribed, with $275 million in commitments. The early-stage firm, which has offices in San Francisco and Palo Alto, California, had targeted to raise $250 million, according to a regulatory filing in November. The firm had raised $170 million for its previous fund, which closed in February 2015.
2 min read · 16 July 2018
Iron Pillar has raised $5.3 million for its debut fund, according to an SEC filing. The target is $150 million. Iron Pillar is a venture firm focused on mid-stage technology investments in India.
1 min read · 16 July 2018
Univercells SA, a Belgian biotech company, has raised $18.8 million in Series B funding. Global Health Investment Fund led the round.
1 min read · 16 July 2018
Golden Equator Capital and Korea Investments Partners are seeking to raise $88 million for a joint fund, according to Bloomberg. The fund will invest in tech startups in Asia. The fund is reportedly targeting a final close by the end of the year, reported the news outlet.
1 min read · 16 July 2018
UK-based PPRO Group, a provider of cross-border e-payment solutions, has raised $50 million in funding. PayPal led the round with participation from Citi Ventures and return backer HPE Growth Capital.
1 min read · 16 July 2018
UK-based Undo, a developer of new software debugging technologies, has raised $14 million in Series B funding. Cambridge Innovation Capital plc led the round.
1 min read · 16 July 2018
